RE: Judge tell US Airways to lower pay by over 20%!!
I read about that friday and it just keeps getting worse. Judges in this country are making up laws and instructing people and businesses how to live their lives or run their business. Some type of reform must be passed to punish them if they do this. They have no right to set wages or limit the will of the people. You cant sue a judge so if the leaders fail to protect us from judges like this things could get ugly.
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RE: Judge tell US Airways to lower pay by over 20%!!
US airways is bleeding heavily and has for awhile. I know a few families that have been affected by their cutbacks. Employment ranged from pilots, reservation department and IT. NOt exactly a growth company and even with the cuts not sure they will survive.
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RE: Judge tell US Airways to lower pay by over 20%!!
Quote:
Alexandria, Va. (AP) - A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent, saying the airline's situation is so dire that urgent action must be taken.
The 21 percent pay cut is nearly all of the 23 percent cut the air carrier had sought.
The judge is a bankruptcy judge. US Airways asked to be able to cut 23% and the judge okay 21%. They are in bankrupcy for a reason, and the judge is there to see if it is even possible for them to declare bankruptcy and keep running as an organization. They pay for their debts with this, that and the other, and it still isn't enough, and they asked to be allowed to cut worker's pay. I don't see the problem. Those workers are not required to continue working for US Airways, and can take their knowledge somewhere else and apply it to another company.
Can they survive cutting pay? Probably not - unless they can come up with a possibility that would benefit the employees that attempt to ride out the crisis.
RE: Judge tell US Airways to lower pay by over 20%!!
Quote:
"What we have here is a trend dating back since before 9/11" of financial difficulties for traditional carriers like US Airways, said Sharon Levine, a lawyer for the International Association of Machinists. "We have a malaise in the airline industry. These are not surprises."
My, my, that says it all, doesn't it VC ??
The Judge did NOT tell US Airways to lower pay VC. He ruled that they COULD lower pay.
Quote:
Alexandria, Va. (AP) - A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent, saying the airline's situation is so dire that urgent action must be taken
Big difference there buddy. If the employees don't like it, quit. The Union probably forced this into a Judicial decision and they lost.
RE: Judge tell US Airways to lower pay by over 20%!!
Well said WANWTF, a lot of folks are unfamiliar with bankruptcy judges and their jobs. I was unable to bring up the article that vc linked to, so I will hold of on further comment.
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RE: Judge tell US Airways to lower pay by over 20%!!
bankruptcy judges have the right to deal with distribution of assets and dealing with debt and creditor distributions as well as outstanding contracts and money owed to 3rd parties but not with peoples wages. That's what the market dictates or in this case what the executive level of management can determine is a doable rate and maintain some form of profitability(slow the bleeding) or liquidity depending on what the judge rules as far as what they have to pay off. Wages are not up to any judge. Never have been
__________________
Bushmaster Varminter Special 223.
Jack Russels
NRA
GOP
Only good varmint is a one with a large hole in it.
http://www.varminter.com
RE: Judge tell US Airways to lower pay by over 20%!!
Quote:
That's what the market dictates or in this case what the executive level of management can determine is a doable rate and maintain some form of profitability(slow the bleeding) or liquidity depending on what the judge rules as far as what they have to pay off. Wages are not up to any judge. Never have been
Management did determine what was "doable" and the judge okay'd it. The Judge didn't mandate the company to cut their wages by any % - he okayed their request to do so, and not the full amount they requested.
RE: Judge tell US Airways to lower pay by over 20%!!
Quote:
My, my, that says it all, doesn't it VC ??
Actually, no, it doesn't. It does not say that 9/11 had no effect whatsoever on the industry, does it? It does not say that the bailouts were unnecessary, does it?
I stand corrected on the title of the thread. I posted it in haste this morning.
But I have a question for you, Stealth...are you saying that the union had no part in the bankruptcy, as far a cause and effect, other than forcing the hand of the bankruptcy judge?
Is it better to have a paycut imposed on the rank and file, and have the company remain standing (although wobbling), or should the union have been allowed to again impose its will and bury the company for good?
Judge tell US Airways to lower pay by over 20%!!
